New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-09-29
WEDNESDAY. Sept. es-r. n.


Tosdavs washington Treasury statement further re
dects the large payments which were actually made last
week by the various for purchased bonds
Compared with yesterdays statement, there 10 ah la
crease IN the OF gold certificates OF auu
gain In gold OF Sls0Ooo and an increase IN the Issue
of silver certificates Of $lsl 900
The Pennsylvania Railroads report OF the business Oh
its lines east of Pittsburg for August shows an
IN gross earnings of sa36622 September 1881 an
in operating expenses Of S434i3l so that 'ho
gain In net earnings Is only $24Si' Inc inoic~'o ~
operating eIpenses is explained by extraorinary CA
pendltures In renewals. "Old bridges ARC "'i"s
replaced by stone structures, grades arc peihs re-
ducea and curves taken out" These extraoruihary
exnenditures have extended over period OF several
months and have been charged to operating expenses
Yet TIRE net earnings OF the main line for the as' ee'
months are 63 greater than in the eight moh'us
OF 1885, Including the operations OF the ieased hhes
west OF Pittsburg the net profits to the Pennsylvania
Railroad In August S2o6,296 greater than In Au
gust 1885, and for the eight months OF this year they
xere s75 greater than in 1886. Compared with
1885, the operations of the whole system return 10 the
Pennsylvania Railroad for August OF this year pronts
1851 OH greater and for the eight months 49Io14|
greater.
Tho report Of the New York, Lake Erie and western
Railroads traffic for August shows gain In the net
earnings of only S38 675 while the gain in gross earn
ings was S12s9so and for eleven months gain In
net of $6s50l6 while the gain In the
gross is S1,7G6,525. Here also the operating
expenses made abnormaily large oy
the filling ND OF repairs and renewals properly charge
able to previous years. Compared with 1883, however
the gain in earnings Is $10s,l6i for August ana
s2457 ,532 for the eleven months ended August IL
The company earned in the eleven months OF Its cur
rent fiscal year nearly 100000 In excess OF years
fixed charges II the earnings for this menth OF oepteu
Der should prove to oeter than they we're In sep
tember 1886 IA bad month"; Its surplus over fixed
charges for the year will be 100000 or $3zoo0o
more than is required pay fun dividend on It's pre-
ferred stock.
The stock speculation Is slowly developing growth
OF confidence the side and marks OF timdty on
the other side Neither St Paul nor New YORK ana New
England were "raided" today, but Richmond and west
Point which after opening % and selling up to 24a
was made the special point of attack, and its price was
down to 23a 1t recovered to and closed at 24A The
drive failed to have the effect the general
market and resulted only in increasing the short
interest In low priced stock which, whatever may DO
It's merits heretofore developed strong recuperatve
MOVERS Northwestern was "washed" at 1l249ll2is.
but it rose to ll3d1l27s. Philadelphia and Read
ing opened Off Il at 59's and was active
all day, selling up to 61'sa6l. western Union
was oue, and frm, closing with a gain of 3. per cent.
Some fancy work done in Missouri Pacific when an
order to purchase 1000 shares for the short account
failed of xecution at the limit order to sell that eK-
act quantity at price suddenly appeared and both
orders executed The feature Of the day. however,
was the Vanderbilt trunk lines Canada Southern rose
from 81 to 55da55<; Michigan Central with sales OF
only AIS shares per cent 10 SO and closed se2
bd Shore OF the actves rose from e5 10
95s with sales OF only 10000 shares The whole mar
ket was strong without excitement from start to finish
and so closed.
bonds were dull and steady at quotations
as follows: